Bitcoin (BTC) Price Is ‘Too Low’: Twitter Reacts to Elon Musk’s Jaw-Dropping Tweet – U.Today

Alex Dovbnya

Tesla CEO Elon Musk tanks his companys stock by claiming that its too high while invigorating another debate around the price of Bitcoin (BTC)

Tesla CEO Elon Musk has stepped up his Twitter game by tweeting that the companys stock was too high.

Investors were quick to react to the unorthodox statement by pushing Teslas shares down 12 percent in the span of one hour.

In response to Musk, whoever behind Bitcoins Twitter handle tweeted that BTC price was, in fact, too low.

As reported by U.Today, the market cap of the leading electric car manufacturer once again surpassed that of Bitcoin back in April.

Bitcoin analyst Tuur Demeester claimed that Teslas valuation was over the top when compared to BTC. Now, he gladly tweets that everyone appears to be on the same page.

The confession of the famed entrepreneur also inspired Binance CEO Changpend Zhao to post a poll about the Bitcoin price.

The bearish tweet, which played into the hands of Tesla short-sellers, was only part of his most latest Twitter storm.

The charismatic billionaire announced that he would sell all of his physical possessions while reciting the U.S. national anthem to make a case for giving people their freedom back.

As reported by U.Today, Musk is one of the most vocal proponents of ending lockdowns that he likened to fascism during his recent earnings call.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

See original here:
Bitcoin (BTC) Price Is 'Too Low': Twitter Reacts to Elon Musk's Jaw-Dropping Tweet - U.Today